The negative effects of the epidemic will be felt in every industry and service sector, and the scope of the problems and the size of the damage is difficult to foresee at this stage.
In the context of the crisis generated by COVID19 outbreak, the Romanian authorities have taken a number of measures, in an attempt to reduce or diminish the consequences.
We have collected the most important information and useful advice that can help businesses make legally sound decisions in the extraordinary situations that result from the spread of the disease caused by the coronavirus.
In this extra edition of our newsletter, we have compiled the most important things that companies should know about employment law matters associated with the epidemic emergency.
The Measures and Actions in State of Emergency Act (“Act”) enters into force retroactively as of 13.03.2020 and shall apply until lifting of the state of emergency. Certain provisions shall apply as of the date of publication of the Act.
Romania is, as of 16 March 2020, under state of emergency, as per the Decree issued by the President of Romania (the “Decree”) and unanimously approved by the Romanian Parliament.
In view of the public health emergency caused by the COVID-19 outbreak the Bulgarian Parliament declared state of emergency on Friday, 13 March and the Bulgarian Minister of Health introduced a number of anti-epidemic emergency rules with effect until 29th of March.
CERHA HEMPEL has advised stock exchange listed CA Immobilien Anlagen AG ("CA Immo") on its EUR 500 million benchmark bond issue. The bond issue was combined with a liability management transaction.
